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Full-Time

Underwriter

Fleet

Posted on 6/27/2024

Nirvana Insurance

Nirvana Insurance

51-200 employees

Data-driven trucking insurance solutions provider

Fintech
Financial Services

Compensation Overview

$80k - $100kAnnually

+ Equity + Variable Compensation

Mid

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Communications
Requirements
  • 3+ years of property/casualty underwriting experience in the Transportation space.
  • Proven track record of growing and maintaining a book of profitable transportation business.
  • Strong communication skills, both written and verbal, including the ability to present to both small and large groups of customers and brokers.
  • Open to occasional travel focused on building relationships with key agencies and customers (<10%).
  • Thorough critical thinker who isn’t afraid to make decisions.
  • Self-starter who independently seeks out opportunities to learn and succeed.
  • Bias-to-action - you’re not afraid to get your hands dirty and stretch yourself.
  • Owner mentality - take accountability for your actions and results.
  • Successfully able to work in high-growth and ambiguous start-up environments.
Responsibilities
  • Evaluate and price new and renewal commercial Transportation business (10+ units) using underwriting best practices coupled with modern tools and insights.
  • Work with multiple accounts simultaneously in a fast paced environment.
  • Work closely with key agency partners to achieve production and profitability goals.
  • Be a foundational driver of results.
  • Collaborate with the Product and Engineering groups on emerging segments and territories as we scale.

Nirvana Insurance provides specialized insurance solutions for the trucking industry, focusing on safety and efficiency. Their services utilize data to offer quick quotes and proactive protection, helping businesses save money and operate more safely. As an independent insurance producer, Nirvana Insurance collaborates with multiple insurance companies to provide competitive rates and comprehensive coverage. This approach allows them to address common issues in the insurance process, such as confusion and delays, by offering online applications that can be completed in under 10 minutes and streamlined claims handling by experts in transportation. Their policies are backed by reputable reinsurance partners, ensuring reliability and high-quality coverage. The goal of Nirvana Insurance is to modernize trucking insurance, making it fairer and more accessible for their clients.

Company Stage

Series B

Total Funding

$82.2M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

19%

1 year growth

19%

2 year growth

19%
Simplify Jobs

Simplify's Take

What believers are saying

  • NirvanaTech's rapid growth and increased capacity, supported by A.M. Best A-rated reinsurance partners, highlight their innovation and ability to offer ultra-competitive rates.
  • The recent $57 million Series B funding round led by Lightspeed Venture Partners and others indicates strong investor confidence and potential for further expansion.
  • Partnerships with companies like Ascend and SiriusPoint enhance operational efficiencies and expand their market offerings, making NirvanaTech a dynamic player in the insurance sector.

What critics are saying

  • The highly competitive insurance market requires NirvanaTech to continuously innovate to maintain its edge over traditional and emerging competitors.
  • Dependence on reinsurance partners and external technology providers like Ascend could pose risks if these partnerships face disruptions.

What makes Nirvana Insurance unique

  • NirvanaTech leverages cutting-edge technology and data to offer insurance solutions specifically tailored for the trucking sector, unlike traditional insurers who serve broader markets.
  • Their independent producer model allows them to access multiple insurance companies, providing competitive rates and best-in-class coverage, unlike single-carrier insurers.
  • NirvanaTech's focus on fast quotes and proactive protection, combined with hassle-free claims handling by transportation experts, sets them apart in the insurance industry.
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